Puma's shares reached their highest level since last March after sportswear giant Anta Sports purchased a 29.06% stake in the German company for 1.5 billion euros. This development underscores how investors rely on corporate data and results to guide the market amidst growing uncertainty in the macroeconomic environment. European stocks rose on Tuesday, boosted by positive data from several companies, which helped ease investor concerns over the latest trade tensions. Meanwhile, Puma's shares jumped 19% after the sportswear company sold a stake to Chinese firm Anta Sports. The Stoxx 600 European index rose 0.34%, the CAC 40 gained 0.39%, and the FTSE 100 increased by 0.40%, while the DAX fell by 0.4%.
